Marygold Companies unit agrees to sell Printstock business for NZ$2.45 million
The Marygold Companies, through subsidiary Gourmet Foods, agreed on September 22, 2026 to sell substantially all assets of its Printstock Products business to TAG Investments Limited for a cash price of NZ$2,450,000 (about US$1.4 million), with final proceeds set at closing. The company expects to record a gain on the sale, and Gourmet Foods is already reported as discontinued operations.
Key points
- Cash purchase price of NZ$2,450,000 (about US$1.4 million), with final proceeds based on a joint stock-take at closing
- Expected closing on November 20, 2026, subject to due diligence, finance conditions, and landlord consent to the lease assignment
- TAG must deposit NZ$245,000 (10% of the price) once the agreement becomes unconditional
- Five-year post-closing restraint of trade in New Zealand covers Printstock and covenantors Bryce Cole, David Neibert and Nicholas Gerber, who are company officers
The filing
Written by AI on Nov 9, 2026, 8:29 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on September 24, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.